Finance
Ziff davis to sell connectivity division to accenture for $1.2 billion
Published by Global Banking & Finance Review®
Posted on March 3, 2026
1 min readLast updated: March 3, 2026
Quick Summary
Ziff Davis has agreed to sell its high‑growth Connectivity division—including Ookla, Speedtest and Downdetector—to Accenture for $1.2 billion in cash, aiming to capitalize on market value and sharpen corporate focus.
Ziff Davis to sell connectivity division to Accenture for $1.2 billion
Details of the Ziff Davis-Accenture Deal
Overview of the Transaction
March 3 (Reuters) - Ziff Davis said on Tuesday it has agreed to sell its Connectivity division — the unit behind brands such as Ookla, Speedtest and Downdetector — to Accenture for $1.2 billion in cash.
Market Reaction
Shares of Ziff Davis rose more than 45% in premarket trading.
Use of Proceeds
Proceeds from the transaction are expected to be used for general corporate purposes and capital allocation activities, in line with the firm's debt agreements, Ziff Davis said.
Expected Closing Timeline
The company added the transaction is expected to close in the coming months.
Reporting and Editing
(Reporting by Kritika Lamba in Bengaluru; Editing by Vijay Kishore)
Key Takeaways
- •Connectivity unit drove ~11% Q4 & ~8% full‑year revenue growth, contributing ~$60 m in Q4 revenue, underscoring its strength within Ziff Davis’s portfolio (ng.investing.com)
- •Sale price of $1.2 billion likely to bolster Ziff Davis’s strong cash position (over $600 m end‑2025) while reducing net leverage of ~0.3× EBITDA (ng.investing.com)
- •For Accenture, acquiring this unit expands its digital and network intelligence capabilities amid its AI‑led reinvention strategy and ongoing restructuring for tech growth (ng.investing.com)
References
Frequently Asked Questions about Ziff Davis to sell connectivity division to Accenture for $1.2 billion
1What is Ziff Davis selling to Accenture?
Ziff Davis is selling its Connectivity division to Accenture.
2Which brands are included in the Connectivity division?
Brands like Ookla, Speedtest, and Downdetector are included.
3How much is Accenture paying for the division?
Accenture is paying $1.2 billion in cash for the division.
4When was the agreement announced?
The agreement was announced on March 3.
